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Agencies
German investor sentiment posted its biggest slump in April since Russia’s full-scale invasion of Ukraine, a top survey showed Tuesday, as U.S. President Donald Trump’s huge tariffs threatened to snuff out a brief recovery.
Market expectations for Europe’s biggest economy over the next six months fell 65.6 points to sit at minus 14, the largest drop since the outbreak of war in Ukraine in 2022, according to a survey by the ZEW institute.
Achim Wambach, head of the ZEW institute, said the fall reflected “erratic” U.S. trade policy as well as fears of retaliation.
The confusion spread by Trump’s on-and-off tariffs had “led to a massive increase in global uncertainty,” he said. “This is reflected in expectations for Germany.”
